Completion bond

  • Erstellt am 2012-06-16 19:42:28

Projekt 2012

2012-06-16 19:42:28
  • #1
Hello,

two questions regarding this:

1) What height should / must it have? What is "common"? Is 15% of the construction costs sufficient?

2) Does it have to be a first-demand guarantee? What other forms / possibilities / restrictions are there regarding the "demand"?

Regards

Project 2012
 

Projekt 2012

2012-06-26 18:17:53
  • #2
Thank you!

What about §§ 770 paragraphs 1 and 2 of the [Baugesetzbuch] and §773 [Baugesetzbuch] as well?

Regards

projekt 2012
 

Bauexperte

2012-06-26 22:07:44
  • #3
Hello,


What do you expect from that?

Kind regards
 

Projekt 2012

2012-06-26 22:21:47
  • #4
Hello,


....in the event of insolvency, being able to directly hold the guarantor liable without having to go through the often lengthy process of § 771 Baugesetzbuch and having to have conducted an unsuccessful seizure attempt against the debtor....


Regards

Projekt 2012
 

Bauexperte

2012-06-27 14:26:42
  • #5
Hello,

THIS falls within the scope of legal advice, and in Germany, this is exclusively reserved for the legal professions. Accordingly, I am not allowed to respond to this.

Find a lawyer you trust and clarify the questions about a guarantee with him :D

Best regards
 

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